Unstable Procurement of Leaf Tobacco and Processed Food Raw Materials
First written in FY2016. 8 of 18 entries say "Materialised", first in FY2018-Q2. Latest entry: 2026-10-29.
Japan Tobacco moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 49 of 68 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Adjusted operating profit increased 6.4% year on year, as higher revenue exceeded the impact of high raw-material costs and other factors.」
Although high raw-material costs continued, higher revenue exceeded their impact, and profit in the processed-food business increased 6.4% year on year. - FY2025-H1MaterialisedAnnual report
「Adjusted operating profit decreased 41.2% year on year, as higher raw material costs outweighed the increase in revenue.」
The risk of higher raw-material prices materialized as a 41.2% year-on-year decline in adjusted operating profit in the processed-food business. - FY2024-H1MitigatedAnnual report
「Adjusted operating profit increased 48.0% year on year, as the impact of price revisions implemented in the previous and current fiscal years outweighed higher raw material and other costs and adverse foreign exchange effects.」
Although high raw-material costs and negative foreign-exchange effects continued, the effects of price revisions exceeded them, offsetting their impact on profit in the processed-food business. - FY2023-Q3MitigatedAnnual report
「Adjusted operating profit increased 150.1% year on year due to the effects of price revisions implemented in the previous and current fiscal years and higher revenue from food-service products, despite substantially higher raw material costs and other expenses compared with the previous fiscal year.」
Although high raw-material costs and other factors continued, their impact on profit was offset by the effects of price revisions and higher revenue from products for commercial use. - FY2023-Q2WorsenedAnnual report
「Revenue was at the same level as in the previous fiscal year. The loss of revenue following the transfer of the bakery business was offset by the effects of price revisions implemented in the previous and current fiscal years in the frozen and ambient business and higher sales of foodservice products following the recovery in foodservice demand. Adjusted operating profit increased 103.5% year on year, as the effects of price revisions in the previous and current fiscal years and higher sales of foodservice products outweighed the further deterioration in raw material costs, logistics costs and foreign exchange effects compared with the previous fiscal year.」
The external environment for procurement and cost risks deteriorated as further year-on-year deterioration in raw-material costs, logistics costs and foreign-exchange effects was disclosed. At the same time, the filing states that the impact on profit was absorbed through price revisions and other measures. - FY2023-Q1MitigatedAnnual report
「Adjusted operating profit increased 242.2% year on year as the effects of price revisions offset the deterioration in raw material costs and other expenses that had continued from the previous fiscal year, in addition to the positive revenue impact of recovering demand in the food-service market.」
Although deterioration in raw-material costs and other factors continued, higher revenue from the recovery in demand from the food-service industry, together with the effects of price revisions, offset the impact on profit. - FY2022WorsenedAnnual report
「Higher labor costs in the logistics industry caused by labor shortages and increased transportation costs due to higher crude oil prices may become more serious going forward.」
In addition to the existing raw-material procurement risks, the filing explicitly identifies the potential worsening of higher transportation costs driven by labor costs in the logistics industry and crude oil prices. quantified is false and materialized is false. - FY2022-Q3MaterialisedAnnual report
「Adjusted operating profit fell 21.2% year on year despite the effects of price revisions, due to further increases in raw material costs and other expenses and adverse foreign exchange effects.」
The risk of higher raw-material prices materialized as a 21.2% year-on-year decline in adjusted operating profit in the processed-food business. - FY2022-Q2MaterialisedAnnual report
「Adjusted operating profit fell 0.2% year on year despite the effects of higher revenue, including price revisions, and the absence of a loss on disposal of assets related to a subsidiary’s factory fire recognized in the same period of the previous year, due to substantially higher raw material costs and adverse foreign exchange effects, among other factors.」
The risk of higher raw-material prices materialized as a 0.2% year-on-year decline in adjusted operating profit in the processed-food business. - FY2019-Q3MitigatedAnnual report
「Adjusted operating profit increased 40.0% year on year despite lower revenue and higher raw material and logistics costs, due to the effects of price revisions and profitability improvement initiatives, including an improved product mix and cost reductions.」
Amid continued increases in raw-material and logistics costs, the impact on profit was absorbed through price revisions, improvements in the product mix and cost reductions. - FY2019-Q1MaterialisedAnnual report
「Adjusted operating profit fell 59.6% year on year due to lower revenue, surging raw material costs, higher logistics costs, and other factors.」
The risk of higher raw-material prices materialized as a 59.6% year-on-year decline in adjusted operating profit in the processed-food business. - FY2018MaterialisedAnnual report
「Adjusted operating profit fell 23.6% year on year due to surging raw material costs and other factors.」
The risk of higher raw-material prices materialized as a 23.6% year-on-year decline in annual adjusted operating profit in the processed-food business. - FY2018-Q3MaterialisedAnnual report
「Adjusted operating profit fell by ¥900 million year on year to ¥2.1 billion, down 30.0% year on year, due to surging raw material costs and other factors.」
The risk of higher raw-material prices continued to materialize as a 30.0% year-on-year decline in adjusted operating profit in the processed-food business. - FY2018-Q2MaterialisedAnnual report
「Adjusted operating profit declined by ¥700 million year on year to ¥1.4 billion, down 34.1% year on year, due to higher raw-material costs and other factors.」
The risk of higher raw-material prices materialized as a 34.1% year-on-year decline in adjusted operating profit in the processed-food business. - FY2017RestatedAnnual report
「Leaf tobacco is an agricultural product, and many processed foods also use ingredients derived from natural sources. Accordingly, the availability of these supplies is affected by weather, other natural phenomena and commodity markets. In addition, resource depletion is recognized as a global risk due to explosive growth in consumption resulting from global population growth and economic expansion, and ingredient prices may rise.」
The filing reconfirms resource depletion and higher ingredient prices as procurement risks, in addition to weather, natural phenomena and commodity markets. - FY2016First statedAnnual report
「Leaf tobacco is an agricultural product, and many processed foods also use ingredients derived from natural sources. Accordingly, the availability of these supplies is affected by weather, other natural phenomena and commodity markets.」
The filing identifies difficulty securing ingredients and higher procurement costs due to weather, natural phenomena and commodity markets as risks common to the tobacco and processed-food businesses.